Elon Musk’s X is stepping up its push to show the social media platform into an “every part app,” the Monetary Instances reported on Thursday.
The platform, previously referred to as Twitter, will “quickly” permit customers to make investments or trades on the platform, CEO Linda Yaccarino instructed the newspaper in an interview on the Cannes Lions promoting competition.
“Quickly you are going to have the ability to stay your entire monetary life on the platform,” Yaccarino mentioned in a panel look on the identical occasion, itemizing peer-to-peer (P2P) funds, storing worth, paying creators or watching pay-per-view (PPV) occasions as examples.
X partnered with Visa to develop “X Cash” earlier this yr as a digital pockets and P2P-payment service. This varieties a part of Musk’s ambition to show X into a brilliant app, akin to the Chinese language WeChat, which gives quite a few retail and monetary providers in addition to messaging.
Elon Musk has grow to be carefully related to cryptocurrency over various years, on account of his fondness for memecoin DOGE and the 11,500 BTC ($1.2 billion) that his electric-car producer Tesla holds.
As such, crypto observers will assume it possible that any plans Musk has for X to supply monetary providers will contain cryptocurrency in some type.
X didn’t instantly reply to CoinDesk’s request for remark.
